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Conductive silicone market forecast to reach $11.6 billion by 2031

According to projections by Persistence Market Research, the global conductive silicone rubber market is poised for robust growth. The market is expected to rise from USD 7.13 billion in 2024 to a remarkable USD 11.60 billion by 2031, achieving a compound annual growth rate (CAGR) of 7.2% during the forecast period of 2024 to 2031. This growth is fueled by increasing demand across industries, particularly with the rollout of 5G technology and the rise of electric vehicles (EVs). These sectors require advanced materials with superior conductivity, flexibility, and durability, making conductive silicone rubber an ideal solution.

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Global industrial rubber market forecast at $37.5 billion by 2031

The global industrial rubber market is expected to grow at a CAGR of 5.8% from 2024 to 2031, increasing from US$ 25.2 billion in 2024 to US$ 37.5 billion by 2031 according to the Persistence Market research. Key drivers include rising demand from the automotive, construction, and healthcare industries, along with innovations in product quality and manufacturing technologies. In the U.S., the manufacturing sector contributed over US$ 2.4 trillion to the economy in 2022, highlighting the sector’s robust growth potential. Electric vehicles (EVs) are also fueling the demand for industrial rubber, with EV production reaching 1.6 million units in the U.S. in 2023.

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Motion Industries enters into agreement to purchase International Conveyor and Rubber

Motion Industries, Inc. signed a definitive purchase agreement to acquire the operating assets of U.S.-based International Conveyor and Rubber (ICR). The transaction is expected to close at the end of December 2024, subject to customary closing conditions.

ICR services commercial and industrial customers in the eastern United States. Headquartered in Blairsville, Pennsylvania, the company has seven locations, offering sales, installation, repair and maintenance of conveyor belts and related system products. They also provide engineering and design services for custom solutions.

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Arburg to showcase their electric Allrounder at Pastec West in Anaheim, CA

At Plastec West in Anaheim, California/USA, taking place from 4 to 6 February 2025, Arburg will showcase exciting topics such as silicone injection molding, digitalization and automation. On stand 4229 in Hall B, the processing of solid silicone rubber (HCR) with continuous material feed by a Turnmix dosing system will be demonstrated live for the first time in the USA. The exhibit, an electric Allrounder 470 A, is automated with a linear robotic system Multilift Select 6.

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Bridgestone Battlax Hypersport S23 selected as original equipment for Ninja 1100SX

Through long-term tire co-creation development with Kawasaki Motors, Bridgestone continues to support the company by delivering value in its wide range of motorcycles. The BATTLAX HYPERSPORT S23 tires to be supplied as original equipment on the new Ninja 1100SX are next-generation sports tires that have exceptional performance across all areas necessary for sport riding without compromise.2 These tires feature a new pattern design meant to balance optimal changes in contact patch stiffness with excellent water drainage properties for riding on wet surfaces. Combined with optimized tire shape and construction, these characteristics support the new riding experience delivered by the Ninja 1100SX through enhanced grip and handling stability during straight-line riding and at large lean angles, delivering an elevated sport riding experience offered by the Ninja 1100SX.

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Hexpol acquires 80 percent of the shares in Piedmont Resin Supply LLC

EXPOL has signed an agreement to acquire 80 percent of the shares in Piedmont Resin Supply, LLC (Piedmont) from the founder Mr. Matt Griffith and Mr. Paul Daniel. Piedmont was founded in 2013 and has grown to become one of the largest independent nylon compounders in the US. The company is an industry leader in technical nylon compounds on the US market and services a variety of customers within automotive, transportation and the furniture industries. Piedmont operates a well invested manufacturing facility in Cartersville, GA with some 60 employees and further capacity to grow

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Braskem and the Philadelphia Eagles launch STEM education program

The Philadelphia Eagles and Braskem have enhanced their partnership with the launch of their new STEM education program, Tackling STEM, for the 2024-2025 academic school year. Tackling STEM is an education program that delivers free digital and hands-on interactive STEM (science, technology, engineering, and math) education opportunities to students in the Greater Philadelphia area with over 20 schools participating. The program is supported by Science of Sport, a nonprofit organization that teaches kids STEM through sports.

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Dow wins trademark infringement case in India

In January 2024, Dow came across defendant A’s application to register the impugned mark DOLLSIL and opposed it. Since the defendant claimed use of the impugned mark, Dow conducted market investigations, which also revealed defendants B and C and the fact that all defendants were not only using the impugned mark DOLLSIL but also Dow’s other registered trademarks NEUTRALPLUS, 789 and GP SILICONE SEALANT, as well as Dow’s artworks, packaging and trade dress.

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ARBURGadditive showcased its broad portfolio for silicone additives at Formnext 2024

At Formnext 2024 in Frankfurt, Germany, ARBURGadditive showcased its broad portfolio for industrial production based on plastic granules, filaments and liquid silicone (LSR) with a total of six machine exhibits and numerous component examples. Highlights included the premiere of the Freeformer 550-3X, the “Medical” exhibition area, and new materials for industrial 3D printing. Innovative applications and research projects from the fields of medical technology, mobility, aviation and electronics rounded off the thoroughly successful trade fair appearance.

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